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Good spending habits means a better life

Millions of Americans find themselves overspending each month. If you can count yourself as one of them, you no doubt want to find ways to keep living the lifestyle you’re comfortable with, but keep your checking account out of the red. The truth is, with some minor adjustments you can do both. In a recent blog we discussed some less-than-great spending habits you should avoid. This time we will be examining what good habits you can pull into your daily life which will help keep

January 28, 2019 No Comments

How can I pay off my mortgage early?

The quicker you pay off your mortgage, the less interest you ultimately pay. That’s why many homeowners in Maryland look for methods of paying down their debt faster, which can be a bit difficult for people living on a budget. Taking the right steps can help you get a handle on mortgage debt, as explained by Bankrate. Increase monthly payments While making the minimum payment is important to stay current on your mortgage, you can also apply a little more money to cut back on

January 15, 2019 No Comments

Deciding if a home loan modification is right for you

You worked hard to save enough for a down payment on your Maryland home. However, life happens. Circumstances change, from losing your job to medical issues and more. If you are falling behind on the mortgage payments that used to be affordable, you may wonder if there are alternatives to foreclosure. At the Law Offices of [nap_names id=”FIRM-NAME-2″], PC, our experienced team helps clients obtain reasonable modifications that help save their homes. Nerd Wallet reports that a loan modification differs from refinancing. It changes the

January 4, 2019 No Comments

Bankruptcy can provide a second chance for small businesses

If you are a Maryland small business owner struggling to stay afloat, you may be searching for options to keep your company open. Depending on your specific situation, bankruptcy may provide the breathing room you need. At Rosenblatt Law, we frequently assist clients in finding the best resolution to their debt problems and help them get back on track. According to Chron, Chapter 11, also known as “reorganization bankruptcy.” While it can be more complicated and expensive than Chapter 7, this option offers protection from

December 14, 2018 No Comments

What are some bad spending habits I should avoid?

If you’re experiencing financial issues, you may be thinking about altering your behavior. In some cases, a person’s spending habits have a direct impact on their financial stability, sometimes leading to insolvency. The Balance offers examples of poor spending habits, as well as tips on how to avoid them. Relying on credit Do you use credit for everyday purchases like food and fuel? If so it’s time to stop right now. Unless you pay off your credit card in full each month, you’re actually increasing

December 10, 2018 No Comments

What steps can I take to avoid foreclosure?

If you’re a homeowner in Maryland, being faced with a foreclosure is a very upsetting proposition. Having the right information is crucial in this case, both to avoid losing your home as well as to steer clear of any potential foreclosure scams, which could deprive you of even more money. In this case, USA.gov offers the following guidelines. Look for government assistance There are a number of government programs available that can offer guidance when it comes to avoiding foreclosure. For instance, there is the

November 25, 2018 No Comments

How can I manage holiday spending and avoid credit card debt?

Overspending during the holidays can feel like an inevitability. As much as you try to stick to a budget, you end up spending more than you anticipated. While it may feel good in the moment to be giving gifts to your loved ones, the long-term effect of debt can be crushing. Here are five tips for managing your holiday expenses during and after the season. 1. Limit the scope of your debt Many of us carry multiple credit cards and it can be tempting to

November 15, 2018 No Comments

Other benefits of eliminating credit card debt

Every day, people across the country spend more than they can afford to when using their credit cards. However, this spending is not always an example of irresponsible behavior. Some people find themselves in a position where they have no choice but to rack up credit card debt in order to buy groceries for their kids or pay bills. Unfortunately, this can lead to even greater financial hardships down the road and some people do not realize just how far they can fall behind due

November 2, 2018 No Comments

An overview of home loan modifications

For several years now people in Maryland and around the country have heard that the nation’s economy is strong, showing great growth and rebound after the recession. That does not mean, however, that everyone in the country is living without financial concerns. In fact, many consumers today are facing serious debt problems despite a generally healthy economy. If you are one of these people and you own a home, you may be seeking information about how to stay or get current on your mortgage. One

October 24, 2018 No Comments

How can I get a handle on credit card debt?

If you find that your credit card debt is spiraling out of control, you may be weighing your options. While you might ultimately need to file for bankruptcy or pursue credit counseling, working on your spending now is still recommended to ensure your correct any bad habits. RealSimple.com offers the following tips to help you eliminate debt and seek out a responsible financial future. Try to get a lower interest rate While you won’t always get approved for a lower interest rate, it certainly doesn’t hurt

October 9, 2018 No Comments